Honeywell Revises 2026 Financial Guidance After Aerospace Spin-Off, Reverse Split
HON is trading near its 52-week low of $195.769 (12% above the low).
Summary
Honeywell International Inc. has updated its 2026 financial guidance, a direct consequence of the recently completed spin-off of its Aerospace Technologies business and the 1-for-2 reverse stock split, both finalized on June 29th. The previous long-term guidance, issued on June 3rd, did not fully account for these significant corporate restructuring events, which reduced outstanding common shares from 634 million to 317 million. For 2026, Honeywell now backs sales guidance of $19.9 billion-$20.2 billion and sees organic sales growth of 2%-3%, while raising its adjusted EPS view to $7.90-$8.30. For the second half, the company backs sales guidance of $10.1 billion-$10.3 billion and raises its adjusted EPS view to $4.40-$4.70. Traders will need to assess these new projections to understand the financial outlook for the remaining Honeywell business.
At the time of this announcement, HON was trading at $220.08 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $69.8B. The 52-week trading range was $195.77 to $260.15. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.